Schneider Electric SE, the France‑based global leader in energy management and automation, has agreed to purchase Temasek’s 35% stake in Schneider Electric India Private Limited (SEIPL) for an all-cash consideration of €5.5 billion (approximately $6.4 billion / ₹55,600 crore).

This transaction gives Schneider 100% ownership of its Indian subsidiary, strengthening India’s role as one of its four global hubs and its third‑largest market by revenue, with operations encompassing 31 factories and distribution centres each.

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Legal Advisory Teams

AZB & Partners acts as legal counsel to Schneider Electric SE, advising on transaction structuring, due diligence, and bid execution:

• Ashwath Rau – Senior Partner (Lead)

• Jasmin Karkhanis – Partner

• Dishti Kaji – Senior Associate

• Aakshay Amesur – Senior Associate

• Prankul Boobana – Associate

Khaitan & Co represented Temasek Holdings in relation to its complete exit from SEIPL.

• Haigreve Khaitan – Senior Partner (Lead)

• Aakash Choubey – Partner 

• Radhika Agarwal – Partner 

• Rohan Shrivastava – Partner 

JSA Advocates & Solicitors has been retained by Schneider to manage competition law review, led by:

• Nisha Kaur Uberoi – Partner & Chair, Competition Law Practice (Lead)

• Pranav Satyam – Partner

• Sarthak Pande, Shivangi Chawla, Samriddha Gooptu, Ishan Arora – Senior Associates

• Akanksha Mathur, Mehar Singh Dang, Aditya Prakash, Naman Katyal, Meghaa G, Cherian Chacko Manayath, Ashmeka K, Mayank Gandhi – Associates

Key Transaction Highlights

• In 2018, Schneider acquired 65% of SEIPL from L&T E&A; Temasek held the remaining 35% until this exit.

• In 2024, SEIPL reported revenue of €1.8 billion, with total India sales touching €2.5 billion across subsidiaries.

• Schneider aims to scale India operations nearly 2.5–3×, targeting double‑digit CAGR organic sales growth in coming years.

Strategic Significance

India is now integral to Schneider’s multi‑hub strategy, serving global and regional R&D, manufacturing, and supply chain needs. Complete ownership is expected to:

• Enhance decision‑making speed and corporate agility in India.

• Enable deeper deployment of digital and automation solutions in line with government initiatives like Digital India and Make in India.

• Allow seamless integration of India’s operations with global product development and logistics setups.

This transaction is one of the largest foreign direct acquisitions in India for 2025, underscoring the scale of value creation SEIPL has delivered.

Why It Matters

• Marks a strategic consolidation of Schneider’s India presence and governance.

• Reinforces India’s position as a key global growth engine for Schneider.

• Highlights the complexity of cross-border M&A legal advisory: corporate structuring (AZB), seller exit representation (Khaitan), and competition law compliance (JSA).

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Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.